IVV, IDU: Big ETF OutflowsWednesday, September 3, 12:17 PM ET

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Core S&P 500 ETF (AMEX:IVV), where 4,350,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple (NASDAQ:AAPL) is off about 2.8%, and Exxon Mobil (NYSE:XOM) is up by about 0.7%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares U.S. Utilities ETF (AMEX:IDU), which lost 3,800,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior. Among the largest underlying components of IDU, in morning trading today Duke Energy (NYSE:DUK) is up about 0.8%, and Nextera Energy (NYSE:NEE) is up by about 0.8%.

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